Paris Hilton's New Year bonanza

Paris Hilton and sister Nicky want to make $500,000 for just turning up to a New Year's Eve party.

'The Simple Life' star - who recently served 23 days in jail - was paid $100,000 to host a New Year's Eve party last year, and this year is hoping to make five times as much.

A source told the New York Post newspaper: "Paris and Nicky are shopping their New Year's Eve partying ways to Vegas at the price of around $500,000 - only they have the guts to ask for that amount.

"Paris will 'party' at a few spots and Nicky will bless the lucky host with a fashion show of her wares and model herself."

Pure nightclub - who last year paid Britney to host their New Year celebrations and were due to host Lindsay Lohan's 21st birthday party before she checked into rehab - are said to be interested.

The source added: "Pure may be coming all the way up to the asking price, although the Hiltons are so desperate now, they should be paying the clubs for good PR, not the other way around."

The sisters' representative, Mike Sitrick, said: "That is not accurate."

Meanwhile, Paris has sold her Hollywood home for $4.25million, after just 10 days on the market.

The 26-year-old star - who is currently living in a rented beach house in Malibu - bought the property in 2004 for $2.9 million.

The Spanish-style 1920s mansion has three bathrooms and four bedrooms, one of which has been converted into a huge closet.

It also has a pool, separate guest quarters and office.

When it went on the market, Paris said: "It's hard to move, but there are too many people who know where I live. There's 20 tour buses coming a day. Random guys from all around the world just show up and leave things. I'm scared."

Neighbour Cameron Diaz said: "Paris made her bad choices, she's going to have to deal with it, that's her journey.

"She is famous all over the world. There were 10 helicopters above her house, which I live not too far from. I was like, 'Could you please keep it down?' We all suffer when Paris suffers."